v3.26.1
Income Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Summary of Income Per Share Basic and Diluted Available to Common Stockholders

Income per share (basic and diluted) available to common stockholders is presented below ($ in millions, except per share amounts, and shares in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net income attributable to Nexstar Media Group, Inc.

 

$

120

 

 

$

97

 

 

$

284

 

 

$

205

 

Accretion of redeemable noncontrolling interests

 

 

(7

)

 

 

(4

)

 

 

(13

)

 

 

(8

)

Net income available to common stockholders

 

$

113

 

 

$

93

 

 

$

271

 

 

$

197

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

 

30,615

 

 

 

30,221

 

 

 

30,494

 

 

 

30,375

 

Dilutive effect of equity incentive plan instruments

 

 

293

 

 

 

293

 

 

 

543

 

 

 

344

 

Weighted average shares outstanding – diluted

 

 

30,908

 

 

 

30,514

 

 

 

31,037

 

 

 

30,719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share available to common stockholders – basic

 

$

3.65

 

 

$

3.09

 

 

$

8.86

 

 

$

6.50

 

Net income per share available to common stockholders – diluted

 

$

3.61

 

 

$

3.06

 

 

$

8.71

 

 

$

6.43